Note: JPM Capitals is to operate via the website - https://jpmcapitals.com/, which is currently not yet functional and no information about the company was immediately available. Therefore, we could only gather relevant information from the Internet to present a rough picture of this broker.
Risk Warning
Online trading involves significant risk, and you may lose all of your invested capital. It is not suitable for all traders or investors. Please ensure that you understand the risks involved and note that the information contained in this article is for general information purposes only.
General Information & Regulation
JPM Capitals is allegedly a forex broker registered in Cyprus that claims to provide its clients with leverage up to 1:500 and floating spreads from 0.3 pips on the web-based trading platform via 3 different live account types.
As for regulation, it has been verified that JPM Capitals currently has no valid regulation. That is why its regulatory status on WikiFX is listed as “No License” and receives a relatively low score of 1.33/10. Please be aware of the risk.
Market Instruments
JPM Capitals advertises that it is a forex broker that mainly offers forex currency pairs trading. However, more specific information about tradable assets cannot be found on the Internet.
Account Types
JPM Capitals claims to offer 3 types of trading accounts - Silver, Gold and Platinum, with minimum initial deposit requirements of $2,500, $10,000 and $50,000 respectively. In comparison, licensed brokers allow setting up a starter account with a minimum deposit of $100 or even less.
Leverage
The maximum leverage possible at JPM Capitals is 1:500. It is important to keep in mind that the greater the leverage, the greater the risk of losing your deposited capital. The use of leverage can both work in your favour and against you.
Spreads
The EUR/USD spread offered by JPM Capitals is favourable- as low as 0.3 pips.
Trading Platform Available
Instead of the worlds most advanced and popularly-used MT4 and MT5 platforms, JPM Capitals gives traders a web-based trading platform. Whatever, it is advised for traders, especially for beginners to choose the brokers who offer the leading MT4 and MT5 trading platforms, which are highly praised by traders and brokers alike due to their ease of use and great functionality, offering top-notch charting and flexible customization options. They are especially popular for their automated trading bots, a.k.a. Expert Advisors.
Deposit & Withdrawal
The funding methods available at JPM Capitals are Wire Transfers and Bitcoins. The minimum initial deposit requirement is as high as $2,500. There are no minimum withdrawal restrictions and no fees specified in size and scope. However, the broker will charge the withdrawal fee. The withdrawal request processing time is said to be within 3 business days.
Bonuses & Fees
JPM Capitals claims to offer deposit bonuses of up to 15%. For each dollar given as a bonus, however, the client has to trade 0.2 lot. In any case, you should be very cautious if you receive a bonus. Bonuses aren't client funds, they're company funds, and fulfilling the heavy requirements that are usually attached to them can prove a very daunting and difficult task. Note that brokers are prohibited from using bonuses and promotions by all leading regulators.
It also charges a dormant fee, an account becomes dormant after 3 months of inactivity, but there are no fees specified either.
Customer Support
JPM Capitals‘ customer support can be reached by email: support@jpmcapitals.com. Company address: B1 359 28th October Street, WTC Cyprus Trust Re Building, 3107 Limassol, Cyprus. However, this broker doesn’t disclose other more direct contact information like telephone numbers that most transparent brokers offer.
Pros & Cons
Frequently Asked Questions (FAQs)
